Running a business without strategy is like driving your car without a clear destination and map to get there. It is both confusing and inefficient. Business isn’t something you make up as you go along. The leader needs ensure he/she is well informed about external industry dynamics and the needed related internal capabilities. The best leaders anticipate, then create the future using a well-informed strategy to make it happen. They also ensure everyone in the organization is clear about this direction and why it’s important.
We often hear talk about mergers and acquisitions in the current economic environment. Minimal energy is spent talking about strategic alliances and collaborations. The truth is that there’s a wide continuum that business leaders can use when deciding how to work with another organization. Not every strategic partnership needs to end up in a joint
No matter how far out the tide goes, all waves come crashing back to shore. The same is true with business cycles. We have experienced a particularly good period in business over the past decade or so. After experiencing a difficult recession, our economy roared back to life. Many of us have not only regained
Leadership isn’t rocket science. Creating the conditions for business success is actually pretty basic: be clear about where you are going and why; define what success looks like and track performance; make sure all of your key people on the same page; don’t “wing it” when it comes to important decisions; ensure that every single employee knows how they fit in the big picture and what they are supposed to be doing; create a process for providing on-going performance feedback; hold people accountable for results (including yourself); be careful about who you hire and put in supervisory roles; provide extensive training and support; never stop communicating with your customers; and make sure everyone shares in the success of the business but also feels the pinch of nonperformance.
Patrick Bet-David
Book Video Summary InsightsView the BookBoth successful entrepreneurs and chess grandmasters have the vision to look at the pieces in front of them and anticipate their next five moves. In this book, Patrick Bet-David translates this skill into a valuable methodology that applies to high performers at all levels of business. Whether you feel like you’ve hit a wall, lost […]
Read moreThomas Gryta and Ted Mann
Fortune Magazine Book ReviewView the BookHow could General Electric—perhaps America’s most iconic corporation—suffer such a swift and sudden fall from grace? This is the definitive history of General Electric’s epic decline, as told by the two Wall Street Journal reporters who covered its fall. Since its founding in 1892, GE has been more than just a corporation. For generations, it was job security, […]
Read moreJim Collins and Bill Lazier
Read Book ReviewsView the BookFrom Jim Collins, the most influential business thinker of our era, comes an ambitious upgrade of his classic, Beyond Entrepreneurship, that includes all-new findings and world-changing insights.
Read moreIn 1979, a young associate professor at Harvard Business School published his first article for HBR, “How Competitive Forces Shape Strategy.” In the years that followed, Michael Porter’s explication of the five forces that determine the long-run profitability of any industry has shaped a generation of academic research and business practice. In this article, Porter […]
Read moreIn a world of rapid change, looking for certainty can obscure opportunity. Taking smaller yet bold steps provides a more sure-footed path through uncertainty. Conventional approaches to strategy have had to adapt in recent years, with rapid technological change and buffeting from external forces. In this episode of Inside the Strategy Room, the authors of the new book, The Imperfectionists: […]
Read moreFor organizations to truly innovate and grow, leaders in every role and at every organizational level must be attuned to how they are creating new value while simultaneously protecting existing value. Just as a soccer coach must simultaneously pursue both scoring and defending, leaders must constantly focus their attention on opportunities to create value — […]
Read moreNoah Berk, Co-President of obo – https://theobogroup.com, shares his thoughts on leadership and business.
Since its founding in 1963, BCG has become known for its analytical approach to problem-solving, as well as the emphasis it places on the exploration and development of new business ideas and pursuits. Notably, BCG’s founder, Bruce D. Henderson pioneered the field of corporate strategy and developed concepts like the Experience Curve and the Growth-Share […]
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View moreGain actionable skills and insights through free, interactive, online business lessons from leading Harvard Business School faculty and industry experts.
View moreIn this segment, Cameron Herold delivers a Ten Minute Talk™ on The Genius Network on creating and implementing a Vivid Vision. Cameron’s built a dynamic consultancy- his current clients include a ‘Big 4’ wireless carrier and a monarchy. What do his clients say they like most about him? He isn’t a theory guy- they like […]
“Leadership is lifting a person’s vision to high sights, the raising of a person’s performance to a higher standard, the building of a personality beyond its normal limitations.” —Peter Drucker Part Three: It Takes Vision If you ask the average employee of the typical company why the company exists, what sets it […]
Read moreIntroduction …they have chosen not to focus on revenue growth or geographical expansion, pursuing instead other goals they consider more important than getting as big as possible, as fast as possible. To make those tradeoffs, the companies have had to remain privately owned, with the majority of stock in the hands of one person, […]
Read moreFive Stages of Decline: Hubris Born of Success Undisciplined Pursuit of More Denial of Risk and Peril Grasping for Salvation Capitulation to Irreverence or Death “The concept of hubris is defined as excessive pride that brings down a hero, or alternatively, outrageous arrogance that inflicts suffering upon the innocent.” Cycle of Arrogant […]
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